From what I've heard it is better to be a little bit above dry skim. Really dry skimming doesn't pull enough DOCs out of the water, and skimming that is too wet is really just wasting water.
The cap, for me anyway, was there to reduce the smell off the skimmate and to protect my wall, I did have the cap off for a little while(it did seem to skim slightly better with it off) but it was about 4" from the wall and it started splattering skimmate on the wall, so the cap went back on.
B.